Celebrities hit by £80m 'Madoff' Ponzi sting in the UK
By Daily Mail Reporter
Last updated at 2:05 AM on 20th July 2009
A pop star, a TV actress and top sportsmen are among hundreds of victims of an £80million Bernard Madoff-style scam, it emerged last night.
Detectives believe at least 600 investors were duped in one of the biggest Ponzi frauds uncovered in the UK.
Many lost huge sums and have been declared bankrupt. Others have lost their homes.
Ponzi scheme: Fleets of expensive luxury cars were seized in the police crackdown after at least 600 investors were duped (file picture)
The Ferrari-driving fraudsters are said to have wooed clients at plush sports clubs and upmarket bars, targeting celebrities in a con that was so convincing that some of the victims still refuse to accept they have been ripped off.
Police were anxious to keep the names of the high-profile victims secret last night as some have yet to learn they have been duped.